(1) The Authority shall prepare once in every year, in such form and at such time as may be prescribed by the appropriate Government,--
(a) a description of all the activities of the Authority for the previous year;
(b) the annual accounts for the previous year; and
(c) the programmes of work for the coming year.
(2) A copy of the report received under sub-section (1) shall be laid, as soon as may be after it is received, before each House of Parliament or, as the case may be, before the State Legislature or the Union Territory Legislature, where it consists of two Houses, or where such legislature consists of one House, before that House.
Legal Commentary & Landmark Judgments: Section 78
Section 78 requires the Regulatory Authority to prepare and submit an Annual Report to the Appropriate Government, which must be tabled before each House of the State Legislature or Parliament.
Analyze the Authority's Section 78 Annual Report to identify systemic default trends and typical adjudication disposal timelines before advising clients on dispute strategy.